1. Hampton Inn & Suites in Salida, CA: 70-rooms motel built in 2002 on 1.45 acres lot next to Hwy 99 exit in middle-class center in Modesto suburbs. Amenities include: outdoor pool, fitness center, and business center. Average Occupancy 63%. NOI $609K/yr. $7.7M. 7.92% Cap.
2. Medical Office Building in Plantation, FL: 31,346 SF established two-story multi-tenant medical building on 2.97 ac lot. Adjacent to Plantation General Hospital, a 264 beds facility West of Fort Lauderdale. NOI $291K/yr. $2.5M. 11.64% Cap.
3. Office/Retail Building in Aliso Viejo, CA: 15,195 SF office/retail building constructed in 1999 at a signalized intersection in densely & affluent town (AHI $113K/yr) in Orange county. NOI $304K/yr. $3.8M. 8% Cap. Buyer to assume $2.47M non-recourse loan at 6.6% interest.
4. Walgreens in Tucson, AZ: 15,525 SF drug store built in 1996 on 1.96 acres corner lot. 100% NNN- till 2016. Store with over $6M in sales. NOI $249K/yr. $3.115M. 8% cap.
5. Apartments in Zion, IL: 56-unit apartments on 2 acres lot in North Chicago suburbs. 90% occupied. NOI $180K/yr. $2M. 9% cap.
6. Apartments in Richardson, TX: 81-unit apartments on 4.88 acres lot in high income Dallas metro. 96% occupied. NOI $243K/yr. $2.45M. 9.95% cap.
7. Strip Mall in Santa Ana, CA: 6500 SF strip mall built in 1993 on .59 ac corner lot in densely populated city (over 700K residents in 3 miles radius). 95% NNN lease. NOI $137K/yr with 3% annual rent bump on all leases. $2.291M. 6% cap.
8. Retail Center in Rialto, CA: 6120 SF single-tenant retail center built in 2004 on ½ ac corner lot. 100% NNN corp leased to WSS, a shoes retailer with 50 locations in Southern CA. NOI $166K/yr. $2.37M. 7% cap.
© Transmercial 2011
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